Fiera Capital FY2024 EPS Lifted by National Bank Financial

Fiera Capital Co. (TSE:FSZ) – Equities research analysts at National Bank Financial boosted their FY2024 earnings estimates for shares of Fiera Capital in a research report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $1.18 per share for the year, up from their previous forecast of $1.17. The consensus estimate for Fiera Capital’s current full-year earnings is $1.09 per share. National Bank Financial also issued estimates for Fiera Capital’s FY2026 earnings at $1.03 EPS.

Other equities analysts also recently issued research reports about the company. Desjardins increased their price objective on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets cut their price target on shares of Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. Scotiabank reduced their price objective on shares of Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday, January 30th. TD Securities increased their target price on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, National Bankshares boosted their price target on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, Fiera Capital presently has an average rating of “Hold” and an average price target of C$8.93.

Fiera Capital Price Performance

FSZ opened at C$7.46 on Tuesday. The company has a market capitalization of C$654.62 million, a PE ratio of 13.81, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. Fiera Capital has a fifty-two week low of C$6.63 and a fifty-two week high of C$10.92. The business has a 50-day moving average of C$8.84 and a 200-day moving average of C$8.63.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The firm had revenue of C$171.71 million during the quarter, compared to analysts’ expectations of C$163.10 million.

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. Company insiders own 0.86% of the company’s stock.

Fiera Capital Company Profile

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.